Through 100 day MA at 1.11086. Trend line tested
The EURUSD is making new session lows (at 1.1089). The move lower has extended below the 100 day moving average at 1.11085 and is testing the 1.1088 support trend line next. A break below that level will next look toward 1.10097-1.10215.
The correction off the initial low today, held below the 38.2% retracement level and the low from last Friday at the 1.1154 level (the high correction price reached 1..1151 - see prior post outlining the level). This keep the sellers in control. The 1.1088 is being tested now.
